Siyata Mobile Inc.

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Siyata Mobile Inc. reports Q2 revenue decline, eyes growth opportunities

Siyata Mobile Inc. faces challenges with working capital constraints impacting revenue and profitability.
Despite lower Q2 2024 revenue and margins, the company anticipates strong growth in Q3 and aims for double-digit growth in 2024.
Efforts to manage expenses and enhance operational efficiency will be crucial for future financial health and sustained growth.
Addressing liquidity challenges and optimizing costs present opportunities for improving financial performance and long-term sustainability.

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Siyata Mobile, Inc. engages in the provision of cellular communications systems for enterprise customers. It specializes in connected vehicle products for professional fleets, marketed under the Uniden Cellular and Siyata brands. The firm operates through the following geographical segments: Europe, the Middle East and Africa; Unites States; Canada; and Australia and New Zealand. The company was founded by Marc Seelenfreund on October 15, 1986 and is headquartered in Montreal, Canada.

Further Increases Penetration in Emergency Response Vertical VANCOUVER, BC / ACCESSWIRE / September 6, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, announced that it has received an order for its Siyata SD7 handsets and VK7 vehicle kits from a global provider of healthcare and emergency health and safety services. This healthcare provider is replacing its Land Mobile Radio (LMR) two-way radios with Siyata's handsets and accessories in part of its ambulance fleet that serves the state of California and the Pacific Northwest and Rocky Mountain regions.

Siyata Mobile Announces Order from Healthcare Customer for Siyata SD7 Handsets and VK7 Vehicle Kits

VANCOUVER, BC / ACCESSWIRE / August 30, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that management will presenting and hosting 1x1 meetings at the H.C. Wainwright 25th Annual Global Investment Conference.

Siyata Mobile to Present at H.C. Wainwright 25th Annual Global Investment Conference

VANCOUVER, BC / ACCESSWIRE / August 24, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that it has received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Stock Market. The notice indicated that, as a result of the closing bid price of the Company's common share having been $1.00 per share or greater for at least ten consecutive business days, from August 9, 2023 through August 22, 2023, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed.

Siyata Mobile Regains Compliance with Nasdaq Minimum Bid Price Requirement

Siyata Mobile Inc. (NASDAQ:SYTA ) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET Company Participants Glenn Kennedy - Investor Relations Marc Seelenfreund - Chief Executive Officer Conference Call Participants Jack Vander Aarde - Maxim Group Tom Kerr - Zacks Investment Research Operator Good morning, ladies and gentlemen and welcome to the Siyata Mobile Second Quarter 2023 Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 15, 2023.

Siyata Mobile Inc. (SYTA) Q2 2023 Earnings Call Transcript

Revenue of $2.7 million, up 180% year-over-year and 50% sequentially Company to host conference call at 9 a.m. ET on Tuesday, August 15 VANCOUVER, BC / ACCESSWIRE / August 14, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced its financial results for the three months ended June 30, 2023.

Siyata Mobile Announces 180% Increase in Revenue for Second Quarter 2023

VANCOUVER, BC / ACCESSWIRE / August 10, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, has appointed Gary Herman as a member of its Board of Directors (the "Board"), effective immediately. Herman replaces Michael Kron, whom the Company deeply thanks for his service and commitment.

Siyata Mobile Announces Appointment of Gary Herman to its Board of Directors

Tango Tango PTT Radio App is Trusted by More Than 500 Public Safety Agencies VANCOUVER, BC / ACCESSWIRE / August 7, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Tango Tango, a leading provider of critical Push-to-Talk (PTT) communications solutions and an existing reseller of Siyata products, will offer its public safety focused app on Siyata Mobile's SD7 Handset along with related SD7 accessories. Marc Seelenfreund, CEO of Siyata, stated, "We are excited to expand our relationship with Tango Tango and for them to market our industry leading SD7 Handset equipped with their proprietary PTT application.

Siyata Public Safety Reseller Expands Offering to Integrate Push-to-Talk (PTT) Over Cellular App with SD7 Handset

Q2 2023 results to be reported after the close on August 14th VANCOUVER, BC / ACCESSWIRE / August 1, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that it will host a conference call at 9 a.m. ET on Tuesday, August 15th to discuss its second quarter 2023 financial results.

Siyata Mobile to Host Second Quarter 2023 Financial Results Call on August 15th at 9 a.m. ET

Joins Siyata from AT&T's FirstNet VANCOUVER, BC / ACCESSWIRE / July 25, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced the appointment of industry veteran Doug Clark as Assistant Vice President, Sales and Marketing. Marc Seelenfreund, CEO of Siyata, stated, "Doug brings a wealth of business development and sales experience, specifically in the public safety and emergency management spaces to Siyata that will be extremely beneficial as we continue to grow and scale our business.

Siyata Mobile Names Public Safety Advocate and Business Development Executive Doug Clark as Assistant Vice President, Sales and Marketing

VANCOUVER, BC / ACCESSWIRE / July 20, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced management will be participating at APCO 2023, which is APCO International's Annual Conference & Expo being held August 6-9, 2023 at the Music City Center in Nashville, Tennessee. The Exhibit Hall will be open August 7-8.

Siyata Mobile Inc. Announces Participation at APCO 2023

Increases Market Penetration in Waste Management Vertical VANCOUVER, BC / ACCESSWIRE / July 18, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has received new orders from two large North American waste management companies for its SD7 handsets and VK7 vehicle kits, and for its UV350 in-vehicle devices. The orders are expected to be delivered in the third quarter.

Siyata Mobile Announces Two New Orders With Large North American Waste Management Providers

VANCOUVER, BC / ACCESSWIRE / July 12, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced it will hold its 2023 Annual General Meeting (AGM) of its stockholders on Thursday, August 3, 2023 at 1p.m. Eastern Time.

Siyata Mobile Inc. Announces Date of 2023 Annual General Meeting and Webcast

VANCOUVER, BC / ACCESSWIRE / July 11, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 51,450,000 common shares at a purchase price of $0.045 per share in a registered direct offering (the "Offering"). The gross proceeds of the Offering to the Company, before deducing placement agent fees and commissions and other offering expenses, are expected to be approximately $2.3 million.

Siyata Mobile Inc. Announces Pricing of Approximately $2.3 Million Registered Direct Offering

$1.4 Million Order to Deliver SD7 Handsets to Major U.S. Wireless Carrier VANCOUVER, BC / ACCESSWIRE / July 6, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has secured its largest SD7 order ever in the Company's history from a single customer. The order is valued at approximately $1.4 million.

Siyata Mobile Secures Largest Single SD7 Order in Company History

VANCOUVER, BC / ACCESSWIRE / July 3, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular and cellular signal booster solutions, today announced receipt of a Staff Delisting Determination dated June 30, 2023 (the "Staff Determination") from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"). The Company was notified that Nasdaq has determined to delist the Company's common shares, no par value per share ("Common Shares"), from the Nasdaq Capital Market for failure to maintain, pursuant to Nasdaq Listing Rule 5810 (the "Low Price Stocks Rule"), a minimum bid price of $0.10 per share for a period of 10 consecutive trading days starting on June 15, 2023.

Siyata Announces Nasdaq Delisting Notice and Nasdaq Appeal

VANCOUVER, BC / ACCESSWIRE / June 27, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced the pricing of a public offering of 50,000,000 common shares at a public offering price of $0.045 per share. The gross proceeds of the offering to the Company, before deducing placement agent fees and commissions and other offering expenses, are expected to be approximately $2.25 million.

Siyata Mobile Announces Pricing of $2.25 Million Public Offering of Common Shares

SD7 Handsets and Accessories to Be Deployed for Use in Education, Construction and Logistics VANCOUVER, BC / ACCESSWIRE / June 22, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has received new orders during the second quarter 2023 in addition to orders previously announced on June 5, 2023, for its SD7 Handsets and VK7 Vehicle Kits totaling approximately $600,000, in aggregate revenue, from customers of leading cellular carriers. These new orders are expected to be delivered in the second and third quarters of 2023.

Siyata Mobile Announces New Orders Totaling $600,000 Revenue

VANCOUVER, BC / ACCESSWIRE / June 21, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it will host exhibitor's booth #105 at NASRO 2023, a National School Safety Conference, on June 28 - June 29, 2023 at the JW Marriott Hotel in Indianapolis, Indiana. NASRO 2023 marks the 33rd year that school leaders and school resource officers (SRO's) are gathering to network and learn about innovative solutions that can strengthen security in schools.

Siyata Mobile to Showcase Mission Critical PPT Solution with CrisisGo at National School Safety Conference June 28-29

VANCOUVER, BC / ACCESSWIRE / June 20, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Mobile Tornado Group Plc (AIM: MBT) ("Mobile Tornado"), a leading provider of critical communications solutions for Tier 1 Mobile operators, will offer its robust Push-to-Talk application on Siyata Mobile's SD7 Handset. Headquartered in the United Kingdom, Mobile Tornado offers a robust range of telecom solutions comprised of Industry leading Push-to-Talk over Cellular and Workforce Management, all geared towards improving the productivity and performance of its commercial customers.

Siyata Mobile Teams with Mobile Tornado to Offer Leading Push-to-Talk Over Cellular Application on SD7 Handset

VANCOUVER, BC / ACCESSWIRE / June 15, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it will showcase its SD7 Handset and its VK7 Vehicle Kit at the Minnesota School Bus Operators Association's ("MSBOA") Annual Summer Conference June 19 - 21. The conference is being held at the Arrowwood Resort & Event Center in Alexandria, Minnesota.

Siyata Mobile to Showcase SD7 Handset and VK7 Vehicle Kit at Minnesota School Bus Operators Association's Annual Summer Conference June 19 - 21

Secures First Order from EMS Organization VANCOUVER, BC / ACCESSWIRE / June 14, 2023 /Siyata Mobile Inc. (Nasdaq:SYTA, SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today launched its latest product, the Siyata Mobile Command Center, an all-in-one, mobile communications solution with built-in redundancy primarily for providers of Emergency Management Services ("EMS") that need to set up a mobile telecommunications command center in the field. Marc Seelenfreund, CEO of Siyata, stated, "We are pleased to introduce the Siyata Mobile Command Center, our latest and most advanced solution for the emergency response market.

Siyata Mobile Launches New Mobile Command Center Unit

Enabling unlimited push-to-talk, two-way communication across North America for transportation fleet VANCOUVER, BC / ACCESSWIRE / June 12, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that Minnesota Coaches, Inc., a privately-held motor coach and school bus transportation company, has taken delivery of its first Siyata SD7 Handsets and VK7 Vehicle Kits. The devices have been installed in a fleet of motorcoaches operating from seven different locations in the upper Midwest.

Siyata Mobile Improving Fleet Communications at Minnesota Coaches

Increases Market Penetration in Healthcare, Education and Construction Verticals VANCOUVER, BC / ACCESSWIRE / June 5, 2023 / Siyata Mobile Inc. (Nasdaq:SYTA)(Nasdaq:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has received new orders for its SD7 Handsets and VK7 Vehicle Kits totaling more than $400,000 in aggregate. The orders are expected to be delivered in the second quarter.

Siyata Mobile Announces $400,000 in New Orders

Video Monitoring Service Enabled by New Product Creates Recurring Revenue Stream VANCOUVER, BC / ACCESSWIRE / June 1, 2023 / Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) ("Siyata" or the "Company"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it received an order for its UV350 In-Vehicle Devices and ‘Siyata Real Time View,' the Company's newest product, valued at over $1.2 million. The order is expected to begin shipping and recurring revenue to commence in the second quarter this year.

Siyata Mobile Receives $1.2 Million Order to Provide In-Vehicle Devices and Video Monitoring for EMS Organization

Presentation on Tuesday, June 6, 2023 at 3:30 p.m. PT Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Siyata Mobile Inc. ( NASDAQ: SYTA) (NASDAQ: SYTAW) ("Siyata" or the "Company"), a global provider of innovative Push-to-Talk over Cellular ("PoC") and cellular signal booster solutions, today announced today that it will be presenting at the 13th Annual LD Micro Invitational conference at the Luxe Sunset Boulevard Hotel, Los Angeles, California on June 6th-8th, 2023.

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